Australian Banks Cut Coal Lending, Boost Renewable Financing

Australian banks increase efforts to cut carbon footprint, scale back coal lending

Source: Wikimedia Commons

Leading Australian banks are intensifying their efforts to reduce their carbon footprint and align with global climate objectives by scaling back lending to carbon-intensive projects.

Commonwealth Bank of Australia, the country’s largest lender, announced that it plans to achieve net-zero emissions associated with its loans or investments to thermal coal mining customers by 2030.

Australian banks increase efforts to cut carbon footprint, scale back coal lending

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